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Canadian Dollar / Japanese Yen

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CADJPY trade ideas

Yen Alignment (Sell) Looking to sell the JPN225 and CADJPY pair from nearby levels. USDJPY is also a viable sell here, but I will not be taking this as I do not want to be overexposed on Yen buys. Multiple Yen pairs are currently aligned to sell being CADJPY, USDJPY and JPN225. This makes this one I cannot miss. How it is played is I will be splitting my normal risk between the two pairs. 1% to CADJPY and 1% to JPN225. Confluences: Yen cross alignment 2+ pairs KL (Key levels) CADJPY Monthly Trendline area. CADJPY SL: 40 pips CADJPY TP1: 1:2 JPN225 SL: 180 points JPN225 TP1: 1:2
Short
by FalkenFx
CADJPY BUllish at 30 mins TF"The CAD/JPY pair is showing a clear bullish trend today, backed by both technical and fundamental analysis. From a technical standpoint, we've seen a decisive break above the resistance level at 111.421, which has now turned into a supportive floor. This breakout suggests that buyers are in control and are propelling the price upwards. Additionally, indicators like moving averages, volume, and oscillators support this bullish momentum. On the fundamental side, positive economic data from Canada, particularly strong GDP growth and supportive policies from the Bank of Canada, are bolstering the Canadian dollar against the Japanese yen. Furthermore, rising commodity prices, particularly crude oil, benefit the Canadian economy and its currency. Meanwhile, shifts in global risk sentiment and central bank policies also play a role, with any divergence in monetary policy between the Bank of Canada and the Bank of Japan influencing the exchange rate. Taking all of this into account, it's evident that the CAD/JPY pair is on a bullish trajectory today."
Long
by sanjay_ar
1
CAD/JPY: corrective structure in play?Hi Traders! Important Tops were reached in the short term and we cannot exclude the completion of the bullish cycle, having said this, it could be interesting to continue following the pair on the intraday chart, because something like a corrective structure seems to appear. As we showed on the 1H chart, if there is a deep pullback or if the bearish corrective structure is close to completion, the technical target still remains bullish, around 111.25. In conclusion, we can consider this phase as a consolidation of the ongoing bullish trend. Trade with care Like | Share | Comment
Long
by TheAnonymousBanker
7
CADJPY SELL | Day Trading AnalysisHello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity CADJPY I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
Short
by TheGrove
1
Lingrid | CADJPY long from the KEY Support levelThe price bounced off the border of the channel and broke through the range zone. I think the price may go down to the key support level at 110.000, then potentially move higher. The long-tailed bar at the resistance formed on the 4H timeframe suggests that the FX:CADJPY may update swing higher highs and higher lows. The price is moving sideways above the level, which could be a range breakout, accumulation (pause), then a continuation. My goal is the resistance zone at 110.800 Traders, if you like this idea or have your own opinion on this matter, write in the comments. I will be glad 👩‍💻
Long
by Lingrid
2
CADJPY LONG CADJPY trade I took is different from the NZDUSD LONG I took earlier on. CADJPY is a continuation of a "proven" product over "years" as marked in the chart. Whereas NZDUSD is trying to "revolutionise" the "industry" by reversing the trend from short to long. CADJPY to me is a quickie as marked, I will take two orders both for 1R TP. The first order is strictly 1R TP or less and the second order might be a trailing stop order depending on how the market progresses. 1505SGT 18032024
Long
by ProfessionalDuckHunter